Restored Covenant Family Foundation
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, MO
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 20-0023571
Organization Overview
Restored Covenant Family Foundation is located in Independence, MO. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restored Covenant Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Restored Covenant Family Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $276.7k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
DIRECT CONTRIBUTIONS(SEE OVERFLOW LIST)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Anne Gross Trustee | 0 | $0 | |
Val Gross Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $3,123 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,048,063 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $114,092 |
| Total Revenue | $1,180,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,729 |
| Depreciation | $108,556 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,017 |
| Printing and publications | $0 |
| Other expenses | $103,411 |
| Total operating and administrative expenses | $233,182 |
| Contributions, gifts, grants paid | $43,499 |
| Total expenses and disbursements | $276,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,488 |
| Savings and temporary cash investments | $1,052,725 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $524,829 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $874,347 |
| Other assets | $61,378 |
| Total assets | $3,083,767 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $36,382 |
| Total liabilities | $36,382 |
Grants Awarded
Over the last fiscal year, Restored Covenant Family Foundation has awarded $43,499 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS SMALL ORGANIZATIONS PURPOSE: CHARITY | $15,089 |
BUCKNER RESTORATION PURPOSE: CHARITY | $5,500 |
PLAZA HEIGHTS CHURCH PURPOSE: CHARITY | $5,496 |
HILL CUMORAH PURPOSE: CHARITY | $3,000 |
SAINTS HAVEN RESTORATION BRANCHES PURPOSE: CHARITY | $2,850 |
GEORGE THOMAS MINISTRIES PURPOSE: CHARITY | $2,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |